Singapore-based Golvis Investment, the hedge fund launched by a trio of former Goldman Sachs managing directors earlier this year, is having a great quarter.
Bloomberg Businessweek reported that the firm’s Asia Opportunities fund, which began trading on January 6 with internal capital, returned 38% in its first two months. The firm began accepting outside capital in February.
The fund, which utilizes a relative-value strategy, gained 27% in February, mostly from picking undervalued and overpriced stocks based on company fundamentals; it returned 8.5% in January.
Founded by chief investment officer Koji Gotoda, senior fund manager Takayuki Kasama and chief operating officer Taiichi Hoshino, Golvis has an additional five-member team in Tokyo.